Overview
What is Main Street Corridor Development Corp?
Main Street Corridor Development Corp, operating under the name Midtown KC Now, is a nonprofit organization based in Kansas City, Missouri. Situated at 3931 Main Street 200, this organization plays a crucial role in facilitating economic development in underdeveloped areas. With a dedicated workforce of six individuals, their mission is to support commercial, mixed-use, and residential growth, while promoting effective community, economic, and aesthetic development. This endeavor aims to foster the renewal and vitality of Midtown Kansas City, Missouri, ultimately contributing to its overall revitalization.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 76% (Three-Star out of Four Stars)
The Main Street Corridor Development Corp, operating as Midtown KC Now, has received a solid three-star rating from Charity Navigator, reflecting a score of 76%. This rating indicates a generally sound organizational performance, particularly in accountability and finance, where it scored 90%. The charity boasts a fully independent board and has strong policies in place for conflict of interest and whistleblowing, all contributing to its high accountability standards.
The organization shows a commendable commitment to financial stewardship, with no material diversion of assets reported and a low liabilities-to-assets ratio of 3.46%. It allocates approximately 65% of its expenses towards programs, which is a positive indicator of its focus on mission-related activities, although there is room for improvement in this area to enhance the program expense ratio.
Leadership and adaptability are notable strengths for Midtown KC Now, achieving a perfect score of 100 in this category. The organization demonstrates effective strategic planning and leadership capabilities, which are crucial for its ongoing mission and impact on the community. Overall, while the charity performs well, increasing its program expenditure could further enhance its effectiveness and community contributions.
This AI summary has been generated from information found on Charity Navigator.
Is Main Street Corridor Development Corp legitimate?
Main Street Corridor Development Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Main Street Corridor Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $353,054
For more financial information, click here
What is the mission statement of Main Street Corridor Development Corp?
Main Street Corridor Development Corp, operating under the name Midtown KC Now, has a mission to foster commercial, mixed-use, and residential growth. Their primary objective is to promote effective community, economic, and aesthetic development in Kansas City, Missouri. The corporation aims to revitalize and invigorate Midtown Kansas City by supporting its progress and renewal. They work tirelessly to encourage a vibrant and thriving community in this area. Their activities focus on community-driven economic development in disinvested areas, contributing to the overall improvement and vitality of Midtown Kansas City.
Who is the CEO of Main Street Corridor Development Corp?
Kevin Klinkenberg is the Executive Dir. of Main Street Corridor Development Corp.
What is the revenue of Main Street Corridor Development Corp?
Main Street Corridor Development Corp's revenue in 2022 was $585,064.
Who are the executives of Main Street Corridor Development Corp and what are their salaries?
The average compensation at Main Street Corridor Development Corp during 2022 was $58,842. There are 6 employees and 50 volunteers at Main Street Corridor Development Corp.
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Where can I find the form 990 for Main Street Corridor Development Corp?
Main Street Corridor Development Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Main Street Corridor Development Corp
Main Street Corridor Development Corp Dba Midtown KC Now, as the name suggests, is an organization dedicated to supporting the growth and revitalization of Midtown Kansas City, Missouri. Their mission is multifaceted, encompassing commercial, mixed-use, and residential progress. They strive to foster effective community development, economic growth, and enhance the aesthetic appeal of the area. This corporation aims to create an environment that encourages renewal and vitality in Midtown Kansas City. By providing administrative support to a community-based business association, Main Street Corridor Development Corp Dba Midtown KC Now facilitates economic development in disinvested areas, contributing to the overall progress and revitalization of Midtown Kansas City.
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Impact
July, 2024
Main Street Corridor Development Corp Dba Midtown Kc Now's impact lies in spearheading efforts to revitalize and renew Midtown Kansas City, Missouri. By supporting commercial, mixed-use, and residential progress, they contribute to the economic and aesthetic development of the area. Through their work, they facilitate the creation of a vibrant community that promotes growth and renewal in previously disinvested areas. Their mission is to create a more prosperous and lively Midtown Kansas City, thus enhancing the overall quality of life for residents and businesses in the region.
This information is meant to be a general summary of Main Street Corridor Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $458,622
- Gross Receipts: $585,064
Assets and Liabilities:
- Total Assets: $189,288
- Total Liabilities: $4,007
- Net Assets: $185,281
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Organization Details
Founding Year
1981
Phone
(816) 753-3820Principal Officer
Kevin Klinkenberg
Main Address
3931 Main Street 200, Kansas City, MO, 64111
NTEE Category
Code: S200 - Community improvement
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